M16S / Canara Bank / Canara Visa Corporate Credit Card
mid · business
Canara Visa Corporate Credit Card
The Canara Visa Corporate Credit Card charges no annual fee, with a joining fee of Rs 250. The forex markup is 3%. It lists no airport lounge access. Read from the issuer's own documents on 11 Oct 2026.
- Annual fee
- Free
- Fee waived at
- —
- Base return
- —
- Forex markup
- 3%
- Interest
- 2.5%a month
Apply on canarabank.bank.inOpens the bank’s own page.
Fees
| Joining fee | Rs 250 |
|---|---|
| Annual feeunverified | Free |
| Fee notes | Enrolment fee Rs 250 on main card. Annual fee Rs 400 applies to add-on cards only (fee table); the features table shows Rs 400 without that qualifier. No inactivity fee. |
Rewards
| Reward notes | Product page features table lists reward points as 'Not Applicable' for the corporate card, though it also repeats the generic redemption line. Treated as no rewards. |
|---|
Travel and perks
| Domestic lounge | Not available |
|---|---|
| International lounge | Not available |
| Forex markup | 3% |
| Fuel surcharge waiver | 1% surcharge reimbursed up to Rs 100 per billing month, only if the card has at least Rs 2,500 of non-fuel purchases in that billing month and each fuel transaction is Rs 400 or more; credited next billing month |
| Other freebies | Insurance: air accident Rs 4 lakh (self)/Rs 2 lakh (spouse); other accident Rs 2 lakh/Rs 1 lakh; baggage up to Rs 25,000; purchase protection up to Rs 25,000; fraudulent charge cover Rs 2 lakh |
Charges and eligibility
| Interest per month | 2.5% |
|---|---|
| Late payment fee | Flat Rs 250 + GST |
| Cash advance fee | 3% of amount, minimum Rs 150 (Canara ATMs); product page features table words it as Rs 30 per Rs 1,000 or part thereof. Other-bank ATM charges extra. |
| Eligibility | Canara Bank customers only. Firm needs minimum annual turnover of Rs 10 crore; below that, a secured card against lien on the company's fixed deposit. Each main card must carry at least one add-on card. Main card limit Rs 50,000 to Rs 25 crore; add-on Rs 10,000 to Rs 5 lakh. |
| Fine-print notes | Corporate card. Cash withdrawal limit 50% of credit limit (page shows an overall cap of Rs 5 lakh; MITC shows Rs 25 lakh), Rs 25,000 per add-on card. EMI conversion not available. MITC tariff dated 01.04.2022. Page shows maximum monthly limit as Rs 2 crore in one place and Rs 25 crore in another. |
Questions
- What is the annual fee of the Canara Visa Corporate Credit Card?
- No annual fee.
- Does the Canara Visa Corporate Credit Card give airport lounge access?
- No lounge access is listed for this card.
- What is the forex markup on the Canara Visa Corporate Credit Card?
- 3% of each foreign-currency transaction, before GST.